DUBLIN, May 14, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/h2cb8g/13propanediol) has announced the addition of the "1,3-Propanediol (PDO) Market by Applications (PTT, Polyurethane, Cosmetic, Personal Care & Home Cleaning & Others) & Geography - Global Market Trends & Forecasts to 2021 " report to their offering.
The global 1,3-Propanediol market is estimated to reach $621.2 million by 2021 growing at a CAGR of 10.4% from 2014
Americas dominates the market both in terms of production and consumption of 1,3-PDO. DuPont Tate & Lyle Bio Products Company, LLC is the largest manufacturer of 1,3-PDO and has its plant at Loudon, Tennessee in the U.S. with a production capacity of 63,500.0 tons. Europe, Middle East & Africa is expected to grow at a highest growth rate; this can be attributed to the increasing adoption of bio-based materials in the Europe.
1,3-PDO is used in manufacture of polytrimethylene terephthalate (PTT), polyurethane, cosmetic, personal care and cleaning products; and others (engine coolants, deicing fluid, heat transfer fluid, unsaturated polyester resins, and others). PTT production represents the largest application in terms of volume consumed in 2013. Over 90.0% of the PDO produced is used in the manufacture of PTT fibers. There is continuous growth of application portfolio in the PDO market. PDO also finds application in food and beverages, adhesives and sealants, paints and coatings etc.
The 1,3-propanediol market which is currently dominated by DuPont Tate & Lyle and is expected to witness entry of new players in the near future. There are few Chinese companies that are currently producing 1,3-PDO in insignificantly small amounts. The Asia-Pacific region is attracting new manufacturers owing to its domestic demand and low raw material and labor costs.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 1,3-Propanediol Market, By Application
8 1,3-Propanediol Market, Regional Analysis
9 Competitive Landscape
10 Company Profiles
- Dupont Tate & Lyle Bio Products Company, LLC
- Metabolic Explorer SA
- SK Chemicals Co., Ltd.
- Zhangjiagang Glory Biomaterial Co., Ltd.
- Zouping Mingxing Chemical Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/h2cb8g/13propanediol
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SOURCE Research and Markets